The primary function of a central bank is to control the nation's money supply (monetary policy), through active duties such as managing interest rates, setting the reserve requirement, and acting as a lender of last resort to the banking sector during times of bank insolvency or financial crisis. Central banks usually also have supervisory powers, intended to prevent bank runs and to reduce the risk that commercial banks and other financial institutions engage in reckless or fraudulent behavior. Central banks in most developed nations are institutionally designed to be independent from political interference. Still, limited control by the executive and legislative bodies usually exists.

Central Bank of the Republic of Turkey

The Central Bank of the Republic of Turkey, CBRT (Turkish:Türkiye Cumhuriyet Merkez Bankası, TCMB) is the central bank of Turkey and is founded as a joint stock company on 11 June 1930.

Shares of the CBRT are divided into four classes. Class A shares belong solely to the Turkish Treasury. Class B and Class C shares are allocated to national banks operating in Turkey, banks other than national banks and privileged companies. Finally, Class D shares are allocated to Turkish commercial institutions and to real and legal persons of Turkish nationality.

The CBRT determines, at its own discretion, the monetary policy to pursue and the policy instruments to use in achieving price stability in Turkey. This implies that the CBRT enjoys instrument independence. In order to attain its objective of price stability, the CBRT has implemented a full-fledged inflation targeting regime since 2006.

The preparations to establish a central bank of Turkey began in 1926, but the organization was established on 3 October 1931 and opened officially on 1 January 1932. The Bank had, originally, a privilege of issuing banknotes for a period of 30 years. In 1955, this privilege was extended until 1999. Finally it was prolonged indefinitely in 1994.

The primary function of a central bank is to control the nation's money supply (monetary policy), through active duties such as managing interest rates, setting the reserve requirement, and acting as a lender of last resort to the banking sector during times of bank insolvency or financial crisis. Central banks usually also have supervisory powers, intended to prevent bank runs and to reduce the risk that commercial banks and other financial institutions engage in reckless or fraudulent behavior. Central banks in most developed nations are institutionally designed to be independent from political interference. Still, limited control by the executive and legislative bodies usually exists.

It is being attended by participants drawn from Africa and beyond including governors of Africancentralbanks, heads of civil services, permanent secretaries and heads of government agencies and parastatals, among others....

“The … decision is based on its assessment that prevailing monetary policy settings remain appropriate,” centralbankGovernorBenjamin Diokno said during a press briefing ...Centralbank Deputy GovernorDiwa Guinigundo announced that the MonetaryBoard had also cut its 2019 inflation forecast to 3.0 percent from 3.1 percent....

centralbank raised rates four times ...Centralbanks in ... Earlier this month, People's Bank Of ChinaGovernorYi Gang said that China'scentralbank has exited from regular intervention on foreign exchange, and that China will absolutely not use the exchange root to boost its exports....

Governor of the CentralBank of Nigeria (CBN), Godwin Emefiele, says contrary to public criticism, the apex bank was not operating a fixed exchange-rate regime but a managed float exchange rate system. Emefiele made the clarification Thursday while speaking at the ongoing post-election outlook conference organised by BusinessDay in Lagos... ....

Incidentally, the reversal of former ReserveBankgovernor Urjit Patel's sound interest rate policy meant that the one bright spot, namely inflow of funds, also reversed showing that the government ... He seemed not to have the ear of the new centralbankgovernor and was voted out....

Meanwhile, spokesman JeanBadenDubois said the governor of Haiti's centralbank was on a business trip in Qatar and unavailable for comment. The contractors were told that they would be escorting Leconte from his Port-au-Prince home to the centralbank to sign an infrastructure ......

Meanwhile, spokesman JeanBadenDubois said the governor of Haiti's centralbank was on a business trip in Qatar and unavailable for comment. The contractors were told that they would be escorting Leconte from his Port-au-Prince home to the centralbank to sign an infrastructure ......